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VANCOUVER, Nov. 25, 2013 /CNW/ - Destiny Media Technologies (TSXV: DSY)
(OTCQX: DSNY), the makers of Play MPE®, a system for the secure
distribution of pre-release music to radio and the developer of
Clipstream®, a new cross-platform playerless video streaming format,
today announced its financial results for the fourth quarter and fiscal
year ended August 31, 2013.

Net income for the fourth quarter was $26,171, or $0.00 per diluted
share, versus net income of $185,560, or $0.00 per diluted share, in
the prior year quarter. Net income for fiscal 2013 was $226,014 versus
$563,003 in the prior fiscal year. The prior year’s results were aided
by a $694,000 net recovery of litigation costs that did not recur this
year.

Service revenue for the fourth quarter was $860,974, versus $941,426
during the prior year quarter. Service revenue for fiscal 2013 was $3.7
million, versus $4.0 million in the prior fiscal year. As previously
discussed, the year-over-year decrease in revenue was primarily related
to a multi-year renewal of agreements with the Company’s largest
customer. While the renewal temporarily affected revenue during the
second half of the fiscal year, it is expected to facilitate an
increase in usage and global expansion.

“We have completed the development and will be rolling out our first
service powered by Clipstream® technology in the coming weeks,” said
Steve Vestergaard, Chief Executive Officer of Destiny Media
Technologies. “We are very excited about reaching this major milestone.
With its compelling value proposition, Clipstream® has the potential to
change the way video is delivered over the Internet.”

Fourth Quarter and Fiscal 2013 Earnings Conference Call

Destiny Media Technologies will host a conference call at 5:00 p.m. ET
(2:00pm PT) on November 25, 2013, to further discuss its fourth quarter
and fiscal 2013 results. Investors and interested parties may
participate in the call by dialing (416) 764-8688 or (888) 390-0546 and
referring to conference ID #54209213. A written transcript and archived
stream will subsequently be made available on Destiny's corporate site
at http://www.dsny.com in the Company's proprietary Clipstream® format.

About Destiny Media Technologies, Inc.

Destiny Media Technologies (DSY.V) (DSNY) provides services that enable
content owners to securely display and distribute their audio and video
content digitally through the internet. The Company's two major
services are Clipstream® and Play MPE®. Clipstream®
(www.clipstream.com) is a video format that plays on any modern smart
phone, tablet, internet, TV, or computer. With Clipstream®, there is no
player to configure or install, videos never go obsolete, and there are
up to 90% cost savings from caching. Play MPE® (www.plaympe.com)
provides a standardized method to securely and cost effectively
distribute pre-release music to radio stations and other music industry
professionals, before it is ready for sale. More information can be
found at www.dsny.com.

Forward-Looking Statements

This release contains forward-looking statements that reflect current
views with respect to future events and operating performance. Any such
statements are subject to risks and uncertainties that could cause
actual results to differ materially from those projected in these
forward-looking statements. Destiny Media Technologies is not obligated
to update these statements in the future. For more information on the
Company's risks and uncertainties relating to those forward-looking
statements, please refer to the Risk Factors section in our Annual Form
10-K ending August 31, 2013, which is available on www.sedar.com or www.sec.gov.

Destiny Media Technologies, Inc.CONDENSED STATEMENT OF OPERATIONS
(Expressed in United States dollars)
Unaudited